IPOAX — Nomura Systematic Emerging Markets Equity Fund
Data updated: 2026-08-26
IPOAX — Nomura Systematic Emerging Markets Equity Fund. Holdings, fees, performance and SEC filings.
IPOAX Fund Overview
IPOAX — Nomura Systematic Emerging Markets Equity Fund is a US mutual fund managed by Ivy Funds, categorised as Emerging Markets Multi-Cap / All-Cap Blend / Core Consumer Discretionary Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ivy Funds
- Category: Emerging Markets Multi-Cap / All-Cap Blend / Core Consumer Discretionary Equity
- Assets under management: $685.72M
- 1-year return: 39.9%
- Ticker: IPOAX
- SEC CIK: 0000883622
- SEC series ID: S000024829
- Share class ID: C000073890
IPOAX Holdings
Top 10 holdings of Nomura Systematic Emerging Markets Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Company Ltd. | 18.67% |
| Samsung Electronics Co. Ltd. | 12.05% |
| Sk Hynix, Inc. | 7.41% |
| Powszechny Zaklad Ubezpieczen SA | 2.62% |
| Netease, Inc. | 2.49% |
| Firstrand Ltd. | 2.40% |
| Mtn Group Ltd. | 2.29% |
| Petroleo Brasileiro SA | 2.23% |
| Bank Of China Ltd. | 2.16% |
| China Construction Bank Corp. | 2.14% |
IPOAX Portfolio Allocation
Asset-class allocation of Nomura Systematic Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
| Cash & Equivalents | 0.9% |
IPOAX Performance
Total returns for IPOAX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 24.0% |
| 1 year | 39.9% |
| 3 years (annualised) | 20.6% |
| 5 years (annualised) | 6.4% |
IPOAX Risk Information
Risk metrics for IPOAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.2%
IPOAX Costs and Fees
IPOAX costs about $103 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.03%
- Gross expense ratio: 1.50%
- Portfolio turnover: 39%
- Brokerage commissions: 6.62 bps of average net assets (SEC N-CEN)
IPOAX Cashflows
Over the 12 months to 2026-06, Nomura Systematic Emerging Markets Equity Fund had net outflows of $167.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$17.82M |
| 2026-05 | −$16.28M |
| 2026-04 | −$10.67M |
| 2026-03 | −$27.39M |
| 2026-02 | −$14.09M |
| 2026-01 | −$28.39M |
IPOAX Debt Constituents
No individual debt constituents are reported in Nomura Systematic Emerging Markets Equity Fund's latest SEC N-PORT filing.
IPOAX Prospectus and SEC Filings
Official Nomura Systematic Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus supplement (497) — filed 2024-08-02
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-12
- Annual census (N-CEN) — filed 2025-06-12
Related Funds
Other Emerging Markets Multi-Cap / All-Cap Blend / Core Consumer Discretionary Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.